Insider Selling: LGL Group Inc (NYSEAMERICAN:LGL) CEO Sells 4,000 Shares of Stock

LGL Group Inc (NYSEAMERICAN:LGL) CEO Michael J. Ferrantino sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $9.35, for a total transaction of $37,400.00. Following the sale, the chief executive officer now directly owns 81,414 shares in the company, valued at approximately $761,220.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

LGL stock traded down $0.18 during midday trading on Thursday, reaching $10.50. 2,400 shares of the company were exchanged, compared to its average volume of 14,298. LGL Group Inc has a 1-year low of $5.76 and a 1-year high of $10.72.

LGL Group (NYSEAMERICAN:LGL) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $0.19 EPS for the quarter. The business had revenue of $7.84 million during the quarter.

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of LGL Group by 1,371.7% in the 2nd quarter. BlackRock Inc. now owns 6,608 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 6,159 shares during the period. Susquehanna International Group LLP acquired a new position in shares of LGL Group in the 2nd quarter valued at $84,000. Renaissance Technologies LLC increased its holdings in shares of LGL Group by 8.7% in the 2nd quarter. Renaissance Technologies LLC now owns 217,803 shares of the industrial products company’s stock valued at $1,775,000 after acquiring an additional 17,439 shares during the period. Finally, Gamco Investors INC. ET AL increased its holdings in shares of LGL Group by 13.5% in the 2nd quarter. Gamco Investors INC. ET AL now owns 541,727 shares of the industrial products company’s stock valued at $4,415,000 after acquiring an additional 64,290 shares during the period.

LGL Group Company Profile

The LGL Group, Inc, together with its subsidiaries, engages in the design, manufacture, and marketing of standard and custom-engineered electronic components in the United States and internationally. The company operates in two segments, Electronic Components and Electronic Instruments. The Electronic Components segment offers packaged quartz crystals, oscillator modules, electronic filters, and integrated modules that are used primarily to control the frequency or timing of signals in electronic circuits.

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